As we can see on 4 hour time frame chart, NZD/USD has broken recently the downside trend line which the price has been following for several days.
We might have an opportunity to go long in this pair, once the price tests again above the downside trend line in order to start a new bullish movement
- U.S building permits and housing starts rose more than expected in January
- Chicago Business Barometer rose to 67.6 in December, up from 63.9
- U.S import and export prices rose more than expected in January
- Canadian manufacturing sales declined 0.3% to $55.5 billion in December